Examlex
The purpose of performing a forward pass is to
Original Purchase
The initial acquisition of an asset or item, often referring to the first time it was bought or the condition in which it was first obtained.
Stockholders' Equity
Stockholders' equity represents the residual interest in the assets of a corporation, after deducting its liabilities. It is also known as shareholders' equity.
Liabilities
Liabilities represent obligations or debts that a company owes to external parties, which must be settled through the transfer of assets or services.
Assets
Economic resources owned by a business or individual, expected to bring future benefits.
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